QQQ vs RBCAA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Republic Bancorp, Inc. (RBCAA) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RBCAA?
Across a 3-year window, the weekly returns of QQQ and RBCAA correlate at 0.22, weak. The past 12 months show a weaker link (-0.07) than the 3-year average (0.22). Stretching to 5 years gives 0.30, with an annualized covariance of 119.3 %².
Among the 4755 assets we track against QQQ, RBCAA ranks #2581 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +25.1% for RBCAA.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs RBCAA: side by side
| QQQ (Invesco QQQ Trust) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +25.1% |
| 5-year return | +95.4% | +117.3% |
| Volatility (ann.) | 19.6% | 28.1% |
| Beta vs S&P 500 | 1.28 | 0.68 |
| Max drawdown (3Y) | -22.8% | -21.6% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.44% | 2.01% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RBCAA |
|---|---|---|
| 2022 | -32.6% | -16.9% |
| 2023 | +54.9% | +39.4% |
| 2024 | +25.6% | +30.3% |
| 2025 | +20.8% | +1.3% |
| 2026 | +17.7% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RBCAA good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RBCAA?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with -0.07 over the last year and 0.30 over 5 years.
Is RBCAA a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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[](https://www.pairbook.io/pair/qqq-vs-rbcaa/)
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Related comparisons
Hubs: QQQ correlations · RBCAA correlations
